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Here Comes The Spotify IPO...

Jim EdwardsMar 11, 2014, 19:42 IST

Spotify CEO Daniel Ek

Spotify has made another move that indicates it is preparing to go public. It took on a $200 million credit facility from its banks, according to The Independent.

"Both Twitter and Facebook did exactly the same two things before their IPOs - got their financing in order and made an important acquisition -- so speculation is rife that Spotify could be next to tap the public markets," the paper says.

The company previously advertised for a financial executive qualified to file SEC disclosures, we noted back in February. Goldman Sachs is one of the banks linked to the rumored IPO.

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Spotify has raised $538 million from venture capital investors previously.

When the company files, it is likely to reveal revenues of more than the $602 million (€435 million) it generated in 2012, according to Reuters. It had a net loss of $81.62 million (€58.7 million) that year.